Saudi Arabia pulled out of planned talks with non-OPEC nations including Russia as disagreements about how to share the burden of supply cuts stood in the way of a deal to boost prices just days before a make-or-break meeting in Vienna.
OPEC officials were scheduled to meet with non-members including Russia on Nov. 28 before a ministerial meeting in Vienna two days later. The meeting was later canceled entirely after the Saudis decided not to take part.